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After reports surfaced that Boise State head basketball coach Leon Rice interviewed for the same position at Washington State University, Boise State released a statement today highlighting that Rice will stay at the school.

The press release states Rice will receive a $100,000 raise this season. His 2015 salary will be $596,573.

After the 2015 season, Rice will get a three percent raise, each year, for the remaining four years on his contract.

Rice's contract gets extended by one year every time the Broncos win at least 18 games or they make the NCAA Tournament.

The new agreement must be approved by the Idaho State Board of Education.

In the statement, Rice is quoted as saying,"I am really excited for the future of Bronco basketball. There has been a great commitment to grow this program. There's a commitment from our administration, our student-athletes and our fans. That's what has me looking forward to continuing to build what we have here at Boise State."

In his four years as head coach at Boise State, the Broncos are 77-54. This past season, Rice led BSU to a 21-13 mark.